Question 26 The following errors were made in preparing a trial balance of SUNGHOON VENTURES: The P2,000 debit balance of Inventory was omitted. The P800 balance of prepaid insurance was listed as a credit The P1,000 balance of salaries expense was listed as utilities expense The P500 balance of servicer evenue was credited twice Income tax expense of P300 was debited as P330 The debit and credit totals of the trial balance would differ by? Blank 1 Blank 1 Add your answer Question 27 1 Point 1 Point The trial balance of SUNOO SERVICES shows an accounts receivable balance of P100,000, and P7,850,000 Service Revenue on December 31, 2021. The following errors were discovered by the accountant while preparing for the financial statements. Collected and recorded an account of a customer for P5,000 but was posted to the accounts receivable ledger asP50,000 Services rendered valued atP10,000 to a customer on account was not accrued Services performed to a customer on account amounting P500 was recorded in the accounts payable account how much is the correct accounts receivable account? Blank 1 Blank 1 Add your answer How much is the correct service revenue account? Blank 1 Blank 1 Add your answer Question 29 The general ledger of JAY AND JAKE INDUSTRIES showed the following balances: 1 Point Cash Accounts Receivable Dr ? Cr 500,000 Allowance for doubtful accounts -50,000 Accounts Payable 400,000 Sim, Capital Sim, Withdrawal 200,000 -40,000 Expenses 700,000 Revenue 1,000,000 Total 1,600,000 1,140,000 How much is the cash balance? Blank 1 Blank 1 Add your answer How much is the correct credit balance? Blank 1 Blank 1 Add your answer